Tesla’s stock (TSLA) is surging by over 3% in pre-market trading today, and it appears to again be due to delivery numbers in China, which seem to be confusing for the market.
Over the last few weeks, Tesla’s stock has had some wild swings, and it has mostly been related to news coming out of China.
Furthermore, the CPCA seemingly started including exports in their delivery numbers for the country, which makes no sense and brings confusion.
Now the CPCA came out with the data from May and reported that Tesla sold 33,463 China-made electric car last month.
However, the number includes 21,936 Tesla vehicles delivered in the country in May and 11,527 electric vehicles that Tesla built in China and exported to other countries in the same period.
The news sent Tesla’s stock rising more than 3% in pre-market trading.
First off, I see a lot of people claiming that it proves the report from The Information was wrong about Tesla’s orders falling in China last week.
While I noted that the report should be taken with a grain of salt, this new data from CPCA doesn’t disprove the report.
CPCA is about Tesla vehicles delivered and produced in China in May while the report from last week discussed net new orders coming in.
Net new order is a better indication of demand since it is not constrained by production, but most of the new orders coming in May would most likely not appear in CPCA data until next quarter when they are delivered.
That said, it doesn’t mean that the report was accurate either.
Again, I don’t think the market should place too much value of Tesla’s month-to-month performance in specific markets because they are just too many variables that don’t mean much on a short-term basis.
At the very minimum, I would stick to quarterly trends.
Celebrity Masterchef contestant Melanie Sykes has criticised the TV industry in the wake of the allegations made about host Gregg Wallace, saying it is up to bosses to act on unprofessional behaviour and not let one person be a “scapegoat”.
The former TV presenter and broadcaster, who rose to fame on shows including The Big Breakfast and Today With Des And Mel in the 1990s and 2000s, appeared on Celebrity MasterChef in 2021.
She wrote about her experience on the show in her autobiography Illuminated, released in 2023, and how she decided to walk away from show business afterwards.
Image: Pic: Ken McKay/ITV/Shutterstock
In a new clip shared on her YouTube channel, Sykes said she complained after appearing on the show, but did not want to make it formal.
Wallace, 60, faces allegations from 13 people across a range of shows over a 17-year period, with many others sharing their experiences in the wake of the initial claims.
He has temporarily stepped down from the BBC cooking show while historical misconduct complaints are externally reviewed by producers Banijay UK. His lawyers say “it is entirely false that he engages in behaviour of a sexually harassing nature”.
Sykes, 54, said she wanted to speak out to let people know what the industry is like. “Every time Gregg came over to the desk, I didn’t like him being around, really,” she said. “Because it’s all about vibrations and energy.”
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1:32
‘If it’s just banter then why am I crying in the toilet?’
‘Stop letting one person be a scapegoat’
Sykes, who also appeared on I’m A Celebrity… Get Me Out Of Here! in 2014, said the MasterChef production company was at fault “because they facilitate… what’s the word? It’s just unprofessionalism, really.
“I’ve seen unprofessionalism in many areas of that f****** industry and I’ve not exposed all and everything because I just don’t want to, it’s just so toxic, and I can’t…
“Stop letting one person be a scapegoat, which is the so-called talent, because that’s what they call you, is the one that has to carry the can all the time.
“If I had somebody misbehaving or acting unprofessionally on my production, let me tell you, they wouldn’t be on my production. I wouldn’t tolerate it. I don’t care who it is.”
Sykes said she believes alleged unprofessional behaviour is allowed to continue because “people think, well, you know, we can’t get rid of him really, because it’s such a successful show”.
She added: “I complained afterwards. I said I didn’t want to make a formal complaint because honestly, I’d spend my whole time in litigation if I did that. And I think that’s one of the reasons why people don’t go for it.”
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3:28
Stephen Fry on Wallace allegations
‘It’s not about wokeness’
Meanwhile, Stephen Fry has told Sky News’ Kay Burley that men in television must consider who may be the “victim or stereotype” at the root of their “light banter”.
“It’s just good manners, really,” he said. “Good manners have changed… and so I think we’ve all just got to realise it’s not about wokeness, it’s just about being sensitive to the atmosphere.”
Following a backlash – with even Downing Street weighing in – he issued an apology on Monday, saying: “I wasn’t in a good headspace when I posted it, I’ve been under a huge amount of stress, a lot of emotion, I felt very alone, under siege yesterday when I posted it.”
He added: “It’s obvious to me I need to take some time out now while this investigation is under way. I hope you understand and I do hope you will accept this apology.”
Fry said Wallace’s initial response was “unbelievably foolish”, and added: “Even if he felt that he’d been misunderstood himself, he could surely see that there were some women there who were truly hurt and had felt not listened to, and that he should first of all address that.”
Production company Banijay UK has appointed law firm Lewis Silkin to lead an investigation into Wallace’s alleged behaviour.
A spokesperson said the company takes the complaints “incredibly seriously” but will not comment on individual allegations while the external investigation is ongoing.
“It is important to note that MasterChef welfare processes are regularly adapted and strengthened and there are clear protocols to support both crew and contributors,” the Banijay spokesperson said. “These include multiple ways of reporting issues, including anonymously.”
In response to reports that multiple complaints had been raised with the BBC, a source for the corporation said it would not comment on individuals or any internal HR processes but that it would be “wrong to report the BBC has done nothing if or when matters have been raised with us – not least because it is already being widely reported there were interventions in both 2017 and 2018 where action was taken”.
Last week, a BBC spokesperson said that any issues raised are taken seriously and there are “robust processes in place” to deal with them.
“We are always clear that any behaviour which falls below the standards expected by the BBC will not be tolerated,” the spokesperson said.
Sky News has contacted representatives for Wallace for comment.
TV presenter Fearne Cotton has revealed she will undergo an operation to remove two benign tumours from her jaw.
The podcast host announced the news in an Instagram video on Tuesday, as she revealed she has been supported by fellow presenter Davina McCall, who had surgery on a rare brain tumour last month.
Cotton, 43, said: “I’ve got a benign tumour just in my jaw here, below my ear, another little tiny one above it.
“I’m very grateful they’re benign but they do need to come out because they’re on a nerve.
“So I’m gonna have that surgery, and then I’m gonna be resting to get better before Christmas.
“Not very good at resting, so wondering how that’s gonna go. But I’m feeling OK about it. I’m going into the operation feeling good and well.”
She also said her podcast, Happy Place, will “carry on as normal”.
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“I’ll be doing all the regular stuff, I’ve banked a load of good episodes so that will still be rolling out, and I’ll see you soon.”
In the video’s caption, she said she had “felt a lump under my ear on my jawline a while ago now but this year noticed it was growing”.
“Turns out it’s a benign tumour and another small one above it on the saliva gland,” she added.
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Davina McCall shares health update
“It’s obviously so weird that only a couple of months ago Davina told me about her tumour and then weeks later I was calling her having discovered mine.
“I’m not only lucky she’s a bloody good mate but also a beacon of light and positivity when it comes to this stuff.”
McCall, 57, left a comment on Cotton’s post that said: “Sending you so much healing and love. Can’t wait to give you a huge gentle cuddle.”
McCall, a former Big Brother host, said she was recovering from brain surgery last month which was to remove a “very rare” colloid cyst – a type of fluid-filled benign tumour in the brain.
Stars descended on the red carpet at the 2024 Fashion Awards in London on Monday night.
Rihanna was among those to appear at the Royal Albert Hall along with her partner ASAP Rocky, who was given the award for Cultural Innovator.
Love Island presenter Maya Jama and musician Kojey Radical co-hosted the evening.
Northern Irish designer Jonathan Anderson won Designer of the Year, while American fashion designer Tom Ford picked up the Outstanding Achievement Award, and Alex Consani became the first trans woman to win the Model of the Year award.
Image: Love Island presenter Maya Jama and musician Kojey Radical hosted the event. Pic: AP
Image: Tom Ford picked up the Outstanding Achievement Award. Pic: PA
Image: Actress Simone Ashley debuted a new fringe alongside her cream strapless dress with a dramatic train. Pic: AP
Image: Her fellow Bridgerton star Nicola Coughlan wore a ballgown with a black bodice and powder blue tiered draping on either side. Pic: AP
Image: Tennis superstar Venus Williams posed in a sleek black blazer and cut-off trousers. Pic: Reuters
Image: Musician Ellie Goulding led stars sporting white in a puffer coat gown. Pic: Reuters
Image: Meanwhile, Big Brother host AJ Odudu broke up the monochrome in a two-piece red suit matching the carpet. Pic: Reuters
Image: Stella McCartney, Anna Wintour and Baz Luhrmann at the Royal Albert Hall. Pic: Reuters
